THE CASINO GAMING EQUIPMENT MARKET IS EXPECTED TO REACH MORE THAN USD 9 BILLION BY 2024, GROWING AT AN IMPRESSIVE CAGR OF AROUND 6% DURING THE FORECAST PERIOD

Casino Gaming Equipment Market Size, Share, & Trends Analysis Report by Demand Type (New/expansionary and Replacement), Products (Slot machine, Gaming tables, VLTs, Video Poker Machines, Gaming Chips and Others), Class Type (Class II machines, Class III, and Others), Lottery Machines (Installed inside casinos and Installed outside casinos), Geography (APAC, Europe, Latin America, MEA, and North America) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2024

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Most Exhaustive Report

360 Pages

116 Tables

134 Charts

5 Regions

17 Countries

39 Companies

5 Market Segment

CASINO GAMING EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 9 BILLION (2024)
MARKET SIZE (UNIT SHIPMENT) 233 THOUSAND (2024)
CAGR 6% (2018-2024)
BASE YEAR 2018
FORECAST YEAR 2019-2024
MARKET SEGMENTS Demand Type (New/expansionary and Replacement), Products (Slot machine, Gaming tables, VLTs, Video Poker Machines, Gaming Chips and Others), Class Type (Class II machines, Class III, and Others), Lottery Machines (Installed inside casinos and Installed outside casinos)
GEOGRAPHIC ANALYSIS APAC, Europe, Latin America, MEA, and North America
COUNTRIES COVERED Mainland China, China SAR Macau, China SAR Hong Kong, Singapore, Japan, Italy, UK, Germany, France, Nordic Region, Argentina, Mexico, Brazil, South Africa, US, and Canada

INDUSTRY INSIGHTS

The introduction of augmented reality (AR) and virtual reality (VR) has offered a unique and enhanced gambling experience to gamers.

The casino equipment industry has witnessed significant innovations over a period of time. Electronic gaming tables (EGT) are one such innovative product introduced in the global market. They offer performance and portability to maximize the customer experience, thereby increasing their demand in the casino market worldwide.

The unprecedented growth of online gambling activities such as online casinos and online betting has driven industry players to adopt new technologies to survive the competition. The introduction of augmented reality (AR) and virtual reality (VR) has offered a unique and enhanced gambling experience to gamers.

In addition, slot machines have witnessed a plethora of changes in their appearance, design, and feel. With technological modernity, slot machines have not only improved the game content of slots but also made them user-friendly, exciting, and engaging. The introduction of screen technology has ushered a new era for slot machine vendors. The market is also witnessing a rise in the single-screen game cabinets, including tall screens, curved screens, and big screens.

Further, the growing demand for mass-market gaming equipment and an increasing number of live casinos are expected to contribute to the growth of the casino gaming equipment market. The global casino gaming equipment market is expected to reach more than $9 billion by 2024, growing at an impressive CAGR of around 6% during 2018–2024.

Casino Gaming Equipment Market: Segmentation

The market research report includes a detailed segmentation of the market by demand, products, class type, lottery machines, and geography.

CASINO GAMING EQUIPMENT MARKET: DEMAND TYPE 

The replacement segment is majorly driven by the substitution of old legacy systems with innovative solutions

Casino gaming equipment vendors majorly earn revenue from the sale of casino gaming equipment via two sources–new or expansionary demand and replacement demand. The new/expansionary segment grew at an impressive CAGR in 2018, while the replacement segment is expected to grow moderately during the forecast period. In 2018, the replacement sales registered the highest revenue in North America, followed by APAC. The introduction of upgrades and innovations and the substitution of old legacy systems with innovative solutions with advanced features are majorly driving the replacement segment.

CASINO GAMING EQUIPMENT MARKET: PRODUCTS  

Electronic gaming tables are gaining popularity in the casino market.

Casino slot machines were the largest revenue generating segment of the casino gaming equipment market in 2018. Slot machines have evolved considerably, and the segment is witnessing increasing automation. North America is expected to continue its dominance during the forecast period. Also, the APAC region is likely to remain another significant revenue contributor to the market by 2024.

The baccarat table segment captured around half of the revenue in the table gaming market. Further, these tables are observing high demand from the APAC region. The rise in demand for these tables in APAC can be attributed to conventional and straightforward nature of the game, high money generation, and low house edge than other games. Electronic gaming tables are gaining popularity in the casino market in APAC and North America.

Further, table layouts, sticks or innovative RFID solutions for normal tables, chippers, card shufflers, roulette wheels, and casino table signage are also adding into the growth of the casino gaming equipment market as they are becoming technically foolproof.

CASINO GAMING EQUIPMENT MARKET: LOTTERY MACHINE MARKET

The inside casino lottery machines segment captured around three-fourths of the market with North America dominating the market

Lottery machines are widely used in the legal gambling market. The US and Canada are well-established markets for lottery systems, and they contribute a high revenue toward the gambling market. Lottery inside casinos and outside casinos are the two major lottery machines in the casino gaming equipment market. The inside casino lottery machines segment captured around three-fourths of the market, with North America dominating the market both in revenue and unit shipment in 2018. However, the segment is expected to decrease its influence due to the penetration of video lottery terminals (VLTs) in casinos.

The revenue from the outside casino segment was small, but it is expected to increase due to increased installation of lottery machines at different locations, including bars, stations, public and private buildings, lottery stores. The market is also witnessing a slight shift in the technological aspect of lottery machines. Commercial places are looking forward to an established app-based online lottery system. These advanced systems will enhance the revenue for both retailers and manufacturers.

CASINO GAMING EQUIPMENT MARKET: GEOGRAPHY

Technological advancements and the increased per capita disposable income are expected to drive the Europe market

North America, APCA, Europe, Latin America, and MEA are the regions in the casino gaming and equipment market. In 2018, North America constituted a dominant share with factors such as high spending power of baby boomers and Gen X, the increased adoption of smartphones, inclination toward new technology, and high urbanization driving the growth of the global gambling market. Further, in the APAC region, emerging countries such as India are witnessing traction for gambling activities such as sports betting and poker games. Macau, China is the largest regional market for gambling. Singapore, Japan, South Korea, Vietnam, and India are expected to witness an increased attraction toward gambling due to improving the quality of life and increasing per capita disposable income. Further, the growing millennial population is also expected to drive the gambling market in MEA.

Technological advancements and the increased per capita disposable income are expected to drive the Europe market. Gambling activities have remained popular in many European countries with the UK, Germany, and France, leading the market growth in the region.

The Casino gaming equipment market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Demand type

  • New/expansionary
  • Replacement

 Products

  • Slot machine
  • Gaming tablets
  • VLTs
  •  Video poker machines
  • Gaming chips
  • Others

Class type

  • class II machines
  • class III
  • Others

Lottery machines

  • installed inside casinos
  • installed outside casinos

Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Nordic Region
  • APAC
    • China SAR Hong Kong
    • China SAR Macau
    • Mainland China
    • Japan
    • Australia
    • Singapore
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa


Frequently Asked Questions

The casino gaming equipment market is expected to reach more than USD 9 billion by 2024 and is expected to grow at a CAGR of around 6% during the forecast period
The casino equipment industry has witnessed significant innovations over a period of time. Electronic gaming tables (EGT) are one such innovative product introduced in the global market. They offer performance and portability to maximize the customer experience, thereby increasing their demand in the casino market worldwide.
The key players are Ainsworth, Aristocrat, Everi, IGT, Incredible Technologies, Konami Holdings, PlayAGS, and Scientific Games
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